According to ESOMAR-certified Future Market Insights’ (FMI), the aircraft cabin interior market is expected to expand at 2.70% CAGR throughout the forecast period.
The industry is extremely competitive, with around 50% of the global market shares held by United Technologies Corporation, Safran S.A., Diehl Stiftung & Co. KG, HAECO Group, Honeywell International, Inc., and Panasonic Avionics Corporation.
The International Civil Aviation Organization claims that the market for aircraft cabin interiors has been significantly impacted by the introduction of low-cost carrier aircrafts into the air transportation sector. The market is expanding as a result of the booming travel and tourism industry, rising air traffic, and expanding flight iteration.
The market demand will increase in the future years due to an increase in new aircraft orders, the popularity of in-flight entertainment systems, and aesthetic lighting systems. Due to rising demand for individualized, opulent, and comfy cabin interiors with supportive and intelligent seating systems, the market for aircraft cabin interiors is predicted to expand at a healthy rate.
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During the forecast period, the establishment of aircraft manufacturing facilities and related activities in emerging countries will create lucrative growth opportunities in the aircraft cabin interior market.
Key Takeaways from FMI’s Aircraft cabin interior Market Study
- Rapid production of commercial aircrafts and presence of leading market players in U.S. along with increasing foreign direct investment in aviation industry will bode well for the aircraft cabin interior market growth in U.S.
- Automotive aircraft cabin interior is expected to grow at a healthy rate in Russia owing to increasing delivery of foreign aircrafts and rising demand for maintenance, and overhauling of multiple components in such aircrafts.
- Development of narrow body aircrafts by China along with establishment of production centers in the country due to cheap labor and abundance of resources will boost the aircraft cabin interior market growth
- Growing government initiatives and rising per capita income of the people will promote adoption of air transport, thus driving the aircraft cabin interior market growth in India.
- Rapid modernization in aircraft components and interiors, retrofitting of interior cabins, and increasing demand for maintenance, overhaul and repair of aircrafts using new materials will boost the aircraft galley market growth.
- Increasing demand of commercial aircrafts, growing consumer inclination towards air travel to save time and growing trend of customized interior are further accelerate the growth of the aircraft cabin interior aftermarket distribution channel.
“Rapid increment in air passenger traffic and high demand for new aircrafts will create novel growth opportunities for aircraft cabin interior market growth throughout the forecast period,” says the FMI analyst.
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Competitive Landscape
Strict safety regulations are hindering the entrance of new market players in the aircraft component manufacturing. Long development cycle along with partnerships to leverage certain field expertise will promote the entry on new market players.
Market players are working to ensure sustainable supply chain in maintained in this constantly fluctuation aerospace industry. OEMs are collaborating with small companies that specialize in lighting system and seat manufacturing.
Key market players are working towards overcoming the delivery delays by expanding their supplier base. They are also looking towards strategic acquisition and penetrate emerging markets through new product development.
Diehl Stiftung & Co. KG developed a new airspace cabin for Airbus A320neo Family on behalf of its customer Airbus in June 2021. The new cabin offers more comfortable seating to the passengers along with largest luggage compartment.
Diehl Aviation also adopted new cabin lining and designed a novel lighting concept coupled with virtually touch free lavatories.
Prominent players operating in the aircraft cabin interior market are: United Technologies Corporation, Zodiac Aerospace S.A., HAECO Group, Diehl Stiftung & Co. KG, Aviointeriors S.p.A., Geven S.p.A., Bucher Group, Panasonic Avionics Corporation, Turkish Cabin Interior Inc., SCI Cabin Interiors, Factorydesign, and Honeywell International Inc.
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Key Segments Covered in Aircraft cabin interior Market Study:
By Product Type
- Sidewalls/Liners
- Carts
- Overhead Bins
- Seats
- Lavatory
- Monuments
- Windows
- Lights
- IFEC
- Flooring
By Aircraft Type
- Narrow Body Aircrafts
- Wide Body Aircrafts
- Large Body Aircrafts
By Application
- Seating System
- Galley
- Cabin & Structure
- Equipment & System
By Distribution Channel
- OEM
- Aftermarket
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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